Quote:
Originally Posted by PM_Mama00
On the radio this morning they mentioned a bunch of states and how many jobs would be lost if the companies went bankrupt. And that one guy, governor or senator of a southern state (Alabama? the one that is so very against a bailout), that state would lose a couple hundred thousand jobs.
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Most of the southern states have foreign auto factories, not domestic. The exceptions being Tennessee, Lousiannna and Kentucky.
My understanding is that many southern politicians are against the bailout because the failure of Detroit will strengthen the auto industry in the south. The southern states have been attractive to these companies because of the lower cost of living, tax incentives, and not being unionized.
Louisanna - GMC
Mississippi- Toyota, Nissan
Alabama - 2 Hyundai plants, Mercedes
Georgia - Kia to open 2009
SC - BMW
TN - GM, Nissan
Ky - Toyota, Ford, GM